Sellers may be offered different mandate arrangements. The labels are useful starting points, but the signed agreement determines the obligations, duration and possible commission consequences.
What to consider
Ask what services and marketing activity the agent commits to, whether other agents may introduce buyers, how the mandate can be ended and what happens if a buyer was already in contact with you. Avoid relying on a verbal explanation where the contract says something different.
A practical checklist
Review the start and end dates, exclusivity, commission trigger, cancellation process, any tail period, marketing costs and your responsibilities. If any clause is unclear or seems inconsistent with what was promised, ask for clarification in writing and consider independent legal advice.
The takeaway
The best arrangement is the one whose scope, obligations and costs you understand and can evaluate—not simply the one with the most confident sales pitch.
This article provides general educational information. Requirements and circumstances vary; confirm important legal, tax, lending or technical matters with current official guidance and a qualified professional.
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